Silver Wheaton Price Target Cut to $45.00 by Analysts at Canaccord Genuity
Canaccord Genuity lowered their price target on shares of Silver Wheaton (NYSE: SLW) from $49.00 to $45.00 in a research note issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a "buy" rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an "outperform" rating on shares of Silver Wheaton in a research note to investors on Friday, March 22nd. They now have a $48.00 price target on the stock. Separately, analysts at Scotiabank cut their price target on shares of Silver Wheaton from $53.00 to $50.00 in a research note to investors on Monday, March 18th. Finally, analysts at TheStreet reiterated a "buy" rating on shares of Silver Wheaton in a research note to investors on Wednesday, February 27th.
Eight equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of "Buy" and an average target price of $45.79.
Shares of Silver Wheaton (NYSE: SLW) traded down 1.02% during mid-day trading on Thursday, hitting $28.03. Silver Wheaton has a one year low of $22.94 and a one year high of $41.30. The stock's 50-day moving average is currently $30.77. The company has a market cap of $9.939 billion and a P/E ratio of 17.16.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 12th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 28th.
Silver Wheaton Corp. (NYSE: SLW) is a mining company, which generates its revenue primarily from the sale of silver.